The club confirmed that the developer will buy the site once the club has moved to the Olympic Stadium in 2016.

Galliard’s proposals for the site include new homes and both complementary and innovative ground floor retail and leisure facilities, complete with underground parking.

The developer also plans to have discussions with the family of Bobby Moore regarding the proposed development of a beautiful central landscaped garden. It would be named the Bobby Moore Memorial Garden, providing a fitting tribute to the legacy of West Ham United at the iconic site.

Bobby Moore’s daughter, Roberta Moore, said: “I have always believed that there should be some form of permanent West Ham United presence at the Boleyn Ground site after the team leave and I’m really pleased that the centre point of the development is planned to be named in honour of my father. Hopefully the new sculptures and buildings being proposed will also help ensure that a lasting legacy to the Club, my father and his team-mates is left at Upton Park.”

West Ham said they chose Galliard Group over a number of other national and international companies. West Ham were impressed with Galliard Group’s links to the local community and their commitment to honouring the history of the Hammers at the Boleyn Ground as part of their proposed development.

Karren Brady, West Ham United Vice-Chairman, said: “We know they are committed to working closely with the local community and Newham Council on proposals to transform the site into a residential and retail village, which will benefit the local community and east London’s regional economy. The deal demonstrates that we have been true to our word by securing the regeneration of two areas of east London through our move to the Olympic Stadium in 2016.

“In addition, and most importantly for us, we can see that Galliard are passionate about working with West Ham United to engage their supporters to help deliver a fitting legacy that will honour the tradition of the famous ground. We are confident that West Ham United fans will be excited about their vision and the way they plan to respect more than 100 years of West Ham history at Upton Park.”

Stephen Conway, Chairman and Chief Executive of Galliard Group, said: “Galliard is one of London’s most successful regeneration specialists and has a proven track record in stadium land regeneration. Working closely with West Ham and Newham Council, Galliard now plan to undertake extensive consultation with local residents and businesses and the West Ham United Supporter Advisory Board in order to create a future for the site, which is respectful of the cultural and economic diversity of the local area.”

Sir Robin Wales, Mayor of Newham, said: “We have always maintained that West Ham United’s relocation to Stratford had the potential to deliver an Olympic Legacy beyond Queen Elizabeth Olympic Park as a key part of the comprehensive regeneration of Green Street and Upton Park. The prospect of much needed homes, jobs and community spaces for this area is an exciting one.”